As i said, this is another post in the interesting and full of danger world of digital currencies.
The faucets will let you have small amounts of bitcoin and other alt-coins, at regular intervals. I tested for a period, and recorded the performance of the best rated faucets and miners. But about miners i will talk maybe with other occasion, so let's keep it simple. This is a long term strategy, which eventually can provide a good 100% passive income, completely free, at the expense of 5 minutes daily.
1. First you gonna need a very good add-block. Once this is set up, you can go to the next step.
2. Make one account on Eobot. This is a miner/main deposit account, where you can use the coins gained from other faucets to mine something for the next 10 years. If you are in UK, switch from dollar to pound.
3. Make one account on Coinpot. This is a micro-wallet where you can store bitcoin, litecoin and dogecoin. For the moment we gonna focus on these three alt-coins, as they are the most lucrative.
4. You need to make one account on each of these faucets. I will also put in the brackets the faucet refresh interval. Moon Litecoin (5 minutes) Moon Bitcoin (5 minutes) Moon Dogecoin (5 minutes)
Bitfun faucet in offers (3 minutes) Bonus Bitcoin (15 minutes) All these faucets get automatically collected in Coinpot wallet.
5. There are other 2 faucets that are not collected in Coinpot, so you need to transfer them manually in the Eobot account, using the Eobot bitcoin and dogecoin addresses. Free Bitcoin (1 hour) Free Dogecoin (1 hour).
6. Strategy: click on all faucets at last once per day, as you get 1% bonus every day up to 100% more after 100 days. Every month transfer the coins from Free Bitcoin and Free Dogecoin faucets to your Eobot account. On Coinpot, at the end of the month convert all the dogecoins and litecoins to bitcoins. Transfer the bitcoins to your Eobot account. Once you have everything on Eobot, buy GHS 4.0. You can use it to mine whatever you fancy, bitcoin, ethereum and litecoin will be easier to sell. Keep using all the coins you gain to buy additional cloud mining (GHS 4.0 for 5 years).
7. Exit strategy: after you get paid a decent amount per hour, you need to make one account on some good wallet to link it with your bank account. I use Coinbase for this. You can sell you coins here on Coinbase and send the money straight in your account. This last account need to be properly protected by a decent password. As an additional layer of security, you can make a separate account in bank to use only for mining (and match betting, as i do, to record the profit i make each month easily).
I provide you with one example of my exploits in the mining/faucets area, which is not too impressive, but still, free money gained with minimal effort are always good, right? You can ask me any related question here, on this post, and i will try to answer if i know.
Now let's explain some terms:
As i was mentioning in some past posts, there are many opportunities with bitcoin and his alt-coins. Any other digital coin except bitcoin it is called an alt-coin. The ones worth trading right now are bitcoin, ethereum and litecoin.
The main option to make a profit are:
1. Day trading, as they are very volatile. If you plan to become a day trader, be vary of the fees charged by your exchange. I am using Coinbase to store the biggest amount of the digital currency, because i can send money from and into it using my bank account, and also because they have the vault option, where you can protect your coins from a hacking attack. But there are other options too, even if they lack some of the choices offered by the exchange mentioned before.
2. Mining - can be solo-mining, using your computer (which it is not efficient anymore because of the increased difficulty of the block-chain) or dedicated equipment (such as Ant-Miner S9). The second option is pool-mining, where more individuals join together and share the benefits and the risks. The last option is the cloud-mining, where you buy mining power from somebody else, in exchange of an amount of money (which can include the rent, the daily maintenance fee or the transaction fee). Most of the contracts offered today are slightly over or under the money paid for mining, and they can be for life (meaning they run as long as the company is getting some profit) or for 1-2 years. You can find online calculators to check their return on investment. But there are always alternatives, and you can make your own mining farm if you have a room available, and some solar panels or a eolian windmill to get free electricity, just to give an example.
3. Faucets - but this is only to experiment with the cryptocurrencies, as we are talking about a small amount. I was talking about this at the beginning of the post.
4. Airdrops - being on Telegram is a good idea to access them easily.
My idea is to redirect the profit obtained from cryptocurrency to classical ways as shares, Ratesetter P2P lending and TheHouseCrowd real estate crowd-funding, to name a few options.
In conclusion:
Faucets that work with a microwallet like Coinpot.co .
There are two newish faucets that work with this microwallet, and the procedure is the same like in the previous cases.
One is for Bitcoin Cash, the second is for Dash. Both of them are alt-coins with a good change to increase significantly in the future. If you are doing this only for Bitcoin, just claim twice a day, morning and evening. It is also increasing with 1% per day loyalty bonus, so after 100 days you will get double the amount.
The complete list is:
6.Bitfun
Access them twice a day, morning and evening AT LEAST. At the end of every week or month exchange everything to one coin (i would suggest Litecoin) and transfer it to your main wallet (I personally use Coinbase). I estimate that you can make a couple of hundreds in Bitcoin yearly. If you had 500 in January 2016, the value in December 2020 would become 15.000. All that it takes is 3 minutes twice a day.
Disclaimer: Some of the links contain referrals.
Yours truly,
George
Why not...
...have fun and win rewards on blockchain games (Splinterlands - Hearthstone-like card game) (Axie Infinity - NFT battle) (CryptoBrewmaster - Beer factory sim)
...use the world best cryptocurrency exchanges: Binance, Coinbase and Kucoin.
...get the higher rewards for your investments using Blockfi for $50 bonus in BTC and Celsius.network, use Celsius referral 1235256530 for $20 bonus. Crypto.com is also a good choice at the moment, with the native coin CRO, being cheap to buy.
The most lucrative faucets that I use: ZEN, ZEC, PIVX, LTC and few others.
Get ETH while writing on Publish0x blog, using the Brave browser - Presearch search engine to maximize your BAT income with some extra PRE tokens.
Check my Lbry.tv channel in here. I am also writing on Read.cash (Bitcoin Cash rewards there).
Disclaimer: This text is also re-published on my personal blogs, such as this one.
Eobot still alive?